Kongsberg Gruppen Asa (NSKFF) Q1 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:06.656 Good morning and welcome to the presentation of Kongsberg's first quarter 2025 results. 00:00:06.679 -- 00:00:11.624 Today's presentation will be given to you by President and Chief Executive Officer Geir 00:00:11.624 -- 00:00:18.212 Haug, as well as Executive Vice President and Chief Financial Officer Mette Toft-Bjørgen. 00:00:18.212 -- 00:00:23.238 This is a webcast only presentation and questions may be submitted through 00:00:23.238 -- 00:00:29.123 the webcast frame. If journalists who are requesting 00:00:29.123 -- 00:00:33.267 interviews with the management after the presentation are requested to contact the head 00:00:33.267 -- 00:00:38.774 of communications, Ronny Lee. And with that, I want to welcome 00:00:38.774 -- 00:00:41.695 Geir Høy to the stage. 00:00:46.803 -- 00:00:50.785 Yes, thank you, Jan-Erik, and good morning, everyone. 00:00:51.854 -- 00:00:56.080 Kongsberg operates in a rapidly changing world. 00:00:56.080 -- 00:01:00.926 This requires us to be both agile and adaptable. 00:01:00.926 -- 00:01:05.933 In 2025, uncertainty around international framework conditions have 00:01:05.933 -- 00:01:11.360 placed challenges on international trade. This demonstrates the importance 00:01:11.360 -- 00:01:16.344 of cross-border cooperation and a global footprint. 00:01:16.458 -- 00:01:22.427 Today, we are presenting the first quarter results, but I think it is 00:01:22.427 -- 00:01:27.495 important to remind everyone that we have a long-term focus with high ambition. 00:01:27.495 -- 00:01:32.563 At our Capital Market Day last year, we stated an ambition that we aim for 00:01:32.563 -- 00:01:34.306 at least 120 00:01:34.306 -- 00:01:37.708 billion revenues in 2033. 00:01:38.632 -- 00:01:43.837 The uncertainty we are experienc...